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all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change. >> i think that the preponderance of evidence is that income is at the top half versus everyone else over the last two decades. whether that's a problem or not, it is completely unclear when you actually read all of the research that is done on it. and the other point i would make is that within the bottom 80%, the vast majority of the american population, income inequality has grown since the 1980s and in a lot of ways, that is the part that maybe we would be worried about. >> let's talk about one thing that has changed. after the 50s and 60s, when we ha
all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change....
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Dec 7, 2013
12/13
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." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. f
." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a...
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Dec 7, 2013
12/13
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CNNW
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but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay.
but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay.
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Dec 10, 2013
12/13
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KQEH
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. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s. foods, creating a giant. we begin the focus there. after a $3 and a half billion deal is final, cisco expects annual sales to grow about $6 billion. the company will have a quarter of the food distribution market in the u.s. and u.s. foods will take a 13% stake in the company. shares were trading at an all-time high today, up more than $37. >>> and package food company white way is buying private earth bound farms for $600 million, white way is the parent of dairy brands like silk and organic, they're the largest produce brand in north american, shares of white way grew to $22.92. >>> and mcdonal
. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s....
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Dec 6, 2013
12/13
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ALJAZAM
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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Dec 5, 2013
12/13
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FOXNEWSW
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is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people. people say costs go up and the prices get more expensive. and the dollar menu goes away. and then the supporters. believe it or not costco was supportive of raising minimum wage but not to $15. >> it is a bug jump from $8 to faep. >> and especially for the small business. >> john boehner was talking about it this woke. he believes what? if you raise the unemployment minum wage. >> you get less jobs and fewer jobs, exactly. and that has been more of a conservative view point. but there are conservatives, and the state of new jersey run by chris chri
is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people....
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Dec 6, 2013
12/13
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WJLA
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thanks to the latest news about the economy, and jobs in america. we learned today that last month's 203,000 new jobs were created, better than experts predicted. and look at the unemployment rate. down to 7%. and that's the lowest level since president obama took office, the lowest unemployment rate now in five years. >>> on the subject of jobs, our made in america team is back tonight. and thousands of you have already told us, you are in, and ready to buy american made gifts. it's this christmas season. what a gift to give. even just one thing could help create thousands of new jobs right here at home. you are signing up to give american workers a merry christmas, and abc's anchor david muir, captain of the team with us tonight. >> diane, we have reported on clothing right here, asking the simple question is anything made here in america any more. well, tonight not only are these jeans made here, this number right here is about to reveal everything. right down to the farmer, who grew the cotton. this week, our kickoff, made in america december to
thanks to the latest news about the economy, and jobs in america. we learned today that last month's 203,000 new jobs were created, better than experts predicted. and look at the unemployment rate. down to 7%. and that's the lowest level since president obama took office, the lowest unemployment rate now in five years. >>> on the subject of jobs, our made in america team is back tonight. and thousands of you have already told us, you are in, and ready to buy american made gifts. it's...
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Dec 4, 2013
12/13
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good news in the real economy could make the fed
good news in the real economy could make the fed
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Dec 9, 2013
12/13
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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Dec 8, 2013
12/13
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CNNW
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only ford gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with pushing her husband off a cliff in july. graham is charged with murder. jury selection begins tomorrow. wendy murphy is also a law professor in boston. graham says the couple got into an argument while off the park. he went over a cliff. so the defense says it as self defense. what should they decide >> and finally she said i pushed him with both hands from behind. that is an easy case. the tough part from the prosecution here is shoe she looked like. she looked like the girl next door. they are going to be hard pressed to say that a seemingly nice woman could be so evil. >> look, th
only ford gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with...
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Dec 6, 2013
12/13
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CNBC
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it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with michael. i think the numbers have been improving all week nothing but good numbers here and starting out with the key 3 gdp, inventory bills. >> strengthening. record auto sales in november, the jobs numbers are very good here today, housing retail, everything looks good and we've been saying all along we think we're going to be tapering into strength and the market is going to see through that. i think we're using 120 next year for s&p earnings, still high relative to the street, but i think people are starting to see that as a real possibility and stocks are trading at 15 times next year relative to everything else you have
it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with...
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Dec 9, 2013
12/13
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CNNW
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. pop in the drum of any machine... ♪ ...to wash any size load. it dissolves in any temperature, even cold. tide pods. pop in. stand out. >>> hey. sit. fin was my bomb dog. i asked if i would be able to get my dog. he said we'll get you your dog. it's great having a dog that i went through so much with. as a pet, he just grew into the life of watching tv. i am going to meet with the executive director and president of operation finally home, organization i'm trying to have build a house for me. >> we're good to go. >> it's definitely a little nerve racking. >> good morning. >> how you doing, buddy? good to see you. >> hi, ken. dan wallrath. >> nice to meet you. >> you know, what you've done is just amazing, you and fynn. we want you to know your sacrifice has not gone unnoticed and we appreciate you very much. >> thank you. i appreciate that. that does really mean a lot. >> everybody's situation is different. so we don't have a set of hard and fast ru
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. pop in the drum of any machine... ♪ ...to wash any size load. it dissolves in any temperature, even cold. tide pods. pop in. stand out. >>> hey. sit. fin was my bomb dog. i asked if i would be able to get my dog. he said we'll get you your dog. it's great having a dog that i went through so much with. as a pet, he just grew into the life of watching tv. i am going...
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Dec 6, 2013
12/13
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KTVU
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. >>> economists expected to show the economy is starting to move ahead again. survey shows many believe that the report will say employers added 180,000 jobs last month. that would keep the monthly gain at 200,000 since last august. and they believe the jobless rate will slip a bit to 7.2%. that report comes in at 5:30. the port of san francisco selling commemorative bricks that will be used at the new waterfront park at pier 27. bricks will line the parks walkway. a neighborhood activist says brick sales will help pay off the city's debt from hosting the america's cup races as well as the administrative cost to set up the brick program. >> very deceptive the way it is marketed. we want to make sure people have the facts. >> its money that is coming back to the port to help us with infrastructure costs that were put out. >> the park is scheduled to open late next year. >>> today apple launches its i beacon service to help you find your way around the store. it sends messages to users on their iphones. the information is based on where you are inside the store.
. >>> economists expected to show the economy is starting to move ahead again. survey shows many believe that the report will say employers added 180,000 jobs last month. that would keep the monthly gain at 200,000 since last august. and they believe the jobless rate will slip a bit to 7.2%. that report comes in at 5:30. the port of san francisco selling commemorative bricks that will be used at the new waterfront park at pier 27. bricks will line the parks walkway. a neighborhood...
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Dec 7, 2013
12/13
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FOXNEWSW
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we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it becaus
we got to put more money into the economy. the infrastructure jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite...
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Dec 5, 2013
12/13
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ALJAZAM
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but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led to wall street fat cats and techies. computers and robots have taken a lot of the jobs since the 1970s. the minimum wage is $7.25 an hour. president obama has suggested to bump it up to about $10 an hour. one study suggests the minimum wage should be really closer to $22 an hour. overall improvements in the economy are not being felt by most people which concerns the president who worries the american dream of working to a better life may be turning to just that: a dream. >> jonlt, thank you. the struggling economy has som
but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led...
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Dec 4, 2013
12/13
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CNNW
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
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Dec 8, 2013
12/13
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CSPAN2
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obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has i
obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations...
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Dec 6, 2013
12/13
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KRON
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economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43 degrees but that may not seem cold but we have actually tied an old record set 104 years ago. it hasn't been this cold and over a century. it is very chilly conditions but we will continue with this cool down. we will have impossibility of rain pripet will see it spread we are saying 20's and--38 degrees in daly city and san francisco was a 40 degrees. we are tracking a call from the combined rain, snow to the area i will break down that portion of the forecast coming up. >> let's go outside to kron four's yoli aceves. she's in livermore this morning, yoli? >>
economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43...
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Dec 9, 2013
12/13
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MSNBCW
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economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because we're looking how this is playing out. it is intriguing to see what will help those who are perhaps in a lot of trouble. >> it is pretty clear when you're looking ahead to the 2014 midterm, so much analysis and thought has been talked about the president's health care law or republicans shut down back in october. not a lot of attention has been paid to the economy. when you look at the story of the economy over the past year, even over the past 24 months, things are getting much better. it isn't out of the realm of possibility
economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because...
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Dec 6, 2013
12/13
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WUSA
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but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the south african government announced today that the state funeral for former president nelson mandela will be a week from sunday-- the culmination of days of memorial services. president obama will lead the u.s. delegation and he's invited the former american presidents to join him. mourners continued to gather today at mandela's home in johannrg died last night and at his former home in soweto. and for us, no one image captured his legacy better than this-- blacks and whites
but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored...
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Dec 3, 2013
12/13
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MSNBCW
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now, the "wall street journal" is reporting the sluggish economy, historically low interest rates and tougher regulations have all taken their toll on the sector. the fdic says the decline from a peak of more than 18,000 has come almost entirely from smaller banks. most left the industry between 1984 and 2011 as a result of mergers or failures. the drop comes as total bank deposits have grown to $9.6 trillion this year. >>> well, it turns out, the cloud isn't free, at least not anymore. "the new york times" reports google will announce today pricing plans for companies, big and small, that use its servers for web processing and online data storage. amazon dominates the cloud business with big customers such as netflix, but google has been gaining with a client list that includes the popular social media site snapchat. >>> flat-screen tvs and ipads are nice. brian, i wanted to get back to you to talk about our favorite retail yes, walmart. sorry about that. >> yeah, no, listen, we saw the fights at the walmart on black friday, so -- >> oh, it's amazing. >> the most popular black friday
now, the "wall street journal" is reporting the sluggish economy, historically low interest rates and tougher regulations have all taken their toll on the sector. the fdic says the decline from a peak of more than 18,000 has come almost entirely from smaller banks. most left the industry between 1984 and 2011 as a result of mergers or failures. the drop comes as total bank deposits have grown to $9.6 trillion this year. >>> well, it turns out, the cloud isn't free, at least...
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the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money? particularly in terms of the fixed income fund. >> we have seen some money go out, particularly relative to stocks, what is interesting as we are still getting money in the money market fund. our taxable money market fund, a whopping 0.01%, the fund is there the all-time highs meeting people are still scared. >> we're still growing, we are seeing big inflows into the floating rate funds, we are committed to sticking out the cycles, so we're not having a problem with flows that the others are. dagen: i wanted to bring up so
the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money?...
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Dec 8, 2013
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the chinese investment will provide a life line for the battered ukraine can economy. $3 billion is being provided to bolster sevastopol's ports. twice that will be used to update crimean. >> trade between europe and china have to travel around the whole of europe. when this port is constructed ships can go straight across the black sea. the ukrainian company is sandwiched between its warships and russias, but has been building a profitable business exporting steel and grain. they've been battling recession in the world market and at home. the commercial director is optimistic about the future, despite the political turmoil in kiev. >> translation: as the grain and coal production grose in the future in you grain, we believe the investment in the port is necessary to match the trend in these sebbing tors. >> president viktor yanukovych has brought home an important prize. it sends a message to the european union and russia, that they are not the only players in this town. >> the chinese businessman made headlines with plans to build a $40 million canal in nicaragua. >> a car bomb attack o
the chinese investment will provide a life line for the battered ukraine can economy. $3 billion is being provided to bolster sevastopol's ports. twice that will be used to update crimean. >> trade between europe and china have to travel around the whole of europe. when this port is constructed ships can go straight across the black sea. the ukrainian company is sandwiched between its warships and russias, but has been building a profitable business exporting steel and grain. they've been...
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Dec 4, 2013
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is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note product has been 1880 centrifuges that has been added to iran's stock of centrifuges so sanctions have utterly failed in that regard. it seems to me that the west is trying to take advantage of the historic opportunity. we have a new government and a different approach to foreign policy. our tenants of foreign policy have not changed we insist on our rice rite an rights and we t negotiate. this can be achieved best through construction gea negotiation. >> first of all, what has happened, nick, since this deal was made and are there signs of how this is going to work? >> yeah, john, i think their initial reaction
is it because the sanctions were biting deeply into the economy or from a political perspective the ar art you are genuine in sg a new chapter. >> in iran we have political elections an an popular and popr elections. >> they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to atry tro address us. you. we are not talking about sanctions. when sanctions started iran had less than 200 centrifuges and the note...
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Dec 6, 2013
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the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the white house acknowledges that one of the big reasons, the big reason why it went down to 7% is because people newly unemployed were having an easier time finding a job. th
the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than 2,000 american service members. the attack brought the u.s. into world war two. >>> president obama is having a hard time explaining a meeting with controversial relative. for some time the white house has said the president never met with a kenyan uncle who was in the united states illegally. but now it has a new version of what happened. here's cnn's brian todd. >> reporter: fredericka, which is at an uncle of the president who has gone through some legal problems with immigration and other things. and it's about an impression the white house has given that it's keeping this uncle at
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than...
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economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic data don't have a string, one or two data points at best. today's data there's a caveat for each of those points, and because of the thanksgiving holiday associated with that. we are far away from actual tapering, december and january, the problem in january a transition period. and it is where it goes. >> march bite be a little early. they want to telegraph any move, the biggest fool is forward guidance. so you see them talk about capering and talk about capering more and more before they do it so i would expect them to have three or four different fomc minutes, increased likelihood of
economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic...
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Dec 5, 2013
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david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is reacting to? just the fact that prices had run up so far and people want to get some money off the table and take some profits? is it, as joe was saying off camera, a taper tantrum or what. >> i think to call it a tantrum is a little strong. you're seeing markets just a couple percentage points off their highs. so this is more has to do with the market digesting the recent gains and also expecting some tapering in 2014. but we don't think it's going to be severe, and we think the market's going to increase with the taper, and it's a reflection, as joe said, in stronger economic growth looking forward. >> joe, do
david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is...
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Dec 9, 2013
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economy and right now with today's gain, 39th record close of the year. an average that is now on pace for 27% gain year to date. so not too shabby. meanwhile, the budget deadline is nearing and it's looking like any plan to attack the nation's debt is dead on arrival. everytime i have you here, you make a lot of sense. both sides, come on, guy, talk the talk and walk it, and they don't. what's the problem. >> it's interesting. they're actually beginning to hear us. you have a small budget agreement that is looming. >> what do you mean? >> very tiny. but they're understanding they cannot go back to the fiscal crisis. we cannot get ourselves in that position and they're feeling the pressure. >> so if they avoid that but they come through with no broad budget agreement on entitlements and kick that can down the road. for a guy looking at long-term getting our act together, get to to be disconcerting. >> absolutely is. we have to take small steps and hey have to demands of ourselves, not of them, but of our ourselves, don't accept the politics of blame and p
economy and right now with today's gain, 39th record close of the year. an average that is now on pace for 27% gain year to date. so not too shabby. meanwhile, the budget deadline is nearing and it's looking like any plan to attack the nation's debt is dead on arrival. everytime i have you here, you make a lot of sense. both sides, come on, guy, talk the talk and walk it, and they don't. what's the problem. >> it's interesting. they're actually beginning to hear us. you have a small...
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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Dec 5, 2013
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making sure our economy works for every working american. that's why i ran for president. >> you know, i do think that this is the issue that sort of most motivates this president. how do you think his time in office will be judged in terms of what he's done to alleviate inequality? >> you know, so far his presidency has not been great for lower income folks. but he has time now. you know, part of that is the fed has helped wall street while main street has continued to suffer. the obama care bill has helped big pharma and insurance companies. and there hasn't been a lot of focus on closing looploopholes. i think this speech, if it does signal the beginning of a new, sustained focus for him, could be hopefully a turning point because we do need as a country moral leadership like the kind that the president could provide to focus on this problem, and it doesn't have to be a zero-sum game between left and right, democrat and republican. i have written a lot about how republicans have been terrible at even talking about the problem of poverty,
making sure our economy works for every working american. that's why i ran for president. >> you know, i do think that this is the issue that sort of most motivates this president. how do you think his time in office will be judged in terms of what he's done to alleviate inequality? >> you know, so far his presidency has not been great for lower income folks. but he has time now. you know, part of that is the fed has helped wall street while main street has continued to suffer. the...
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Dec 6, 2013
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the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're in johannesburg, how are people reacting there now? i think i can hear a bit behind you. 24 hours since the news of mandela's death broke around the world. [♪ music ] >> reporter: listen to that. people have been doing this all day, singing and dances, people here are celebrating his life. that's why they've come out in numbers. children who are eight and ten years old are saying we really don't know nelson mandela. we don't know what kind of man he was. but when they come here and see all the support, they say wow, he is a great man. we want to find mor
the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're...
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the economy has added an average of 202,000 jobs a month from august to october. the unemployment level stands at 7.3%. indications that the fed may cut back its economic stimulus sent stocks lower on wall street. the dow jones industrial average lost 68 points, its fifth straight day of decline. the nasdaq fell four points. asian markets were cautious ahead of the u.s. jobs report. tokyo's nikkei gained nearly 1% and hong kong's hang seng added nearly a fraction. general motors is pulling most of its brand from europe. it will end by 2016. gm says it will concentrate its european efforts on its european made opal brand. they'll offer the corvette throughout europe. >>> and fast food workers demonstrated for higher wages yesterday. protests and work stoppages were held across the country. the effort to raise the minimum wage to $16 an hour began about a year ago led by the service employees international union. >>> and when a tennessee couple ordered breakfast at mcdonald's, they got bucks instead. greg and stacy terry found three bags filled with money. it turned
the economy has added an average of 202,000 jobs a month from august to october. the unemployment level stands at 7.3%. indications that the fed may cut back its economic stimulus sent stocks lower on wall street. the dow jones industrial average lost 68 points, its fifth straight day of decline. the nasdaq fell four points. asian markets were cautious ahead of the u.s. jobs report. tokyo's nikkei gained nearly 1% and hong kong's hang seng added nearly a fraction. general motors is pulling most...
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Dec 7, 2013
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economy and jobs. positive news that more than 200,000 jobs were added in november. and the unemployment rate has fallen from 7.3% to 7%. that is a five-year low, down from a peak of 10% four years ago. wall street liked what it heard. the markets finished up across the board today. nbc's tom costello reports tonight on where the jobs are showing up. >> reporter: 24-year-old eddie christian is one face of an improving economy. after graduating from college and spending nine months searching for a job, he just landed at starwood hotels working in human resources. >> the fact that i have a sense of security o in a full-time job and the fact it's in my field, i feel lucky. >> reporter: employers added more than 200,000 jobs for each of the last four months. in november, many were good-paying jobs. 40,000 in education and health care. 27,000 in manufacturing. 17,000 construction jobs. so they're coming in the right places. they're coming slower than people wanted, but don't forget. we came from a very, very dark place. and so the light is starting to shine. >> the unempl
economy and jobs. positive news that more than 200,000 jobs were added in november. and the unemployment rate has fallen from 7.3% to 7%. that is a five-year low, down from a peak of 10% four years ago. wall street liked what it heard. the markets finished up across the board today. nbc's tom costello reports tonight on where the jobs are showing up. >> reporter: 24-year-old eddie christian is one face of an improving economy. after graduating from college and spending nine months...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back, in "crime and punishment" a story that boggles the mind. we hear about people that go to prison and end up on death row but what about the prosecutors put them behind bars with sloppy work or worse? prosecutors in this country are above prosecution, even when they knowingly with hold evidence just to get a conviction. this hasn't happened just once, it's still happening in case after case. randi kaye investigates. >> reporter: in may 1999 john thompson was just weeks away from his execution at the louisiana state penitentiary. this is his signed death warrant. so you may be wondering, what is he doing talking to me at his office in new orleans? did you think you would die on death row? >> i knew i was going to die. i didn't have anything else to say. even executed, i didn't see no one leaving off death row for sure. >> reporter: how john thompson survived is complicated to see the least. it would be more than a decade before he learn
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back, in "crime and punishment" a story that boggles the mind. we hear about people that go to prison and end up on death row but what about the prosecutors put them behind bars with sloppy work or worse? prosecutors in this country are above prosecution, even when they knowingly with hold evidence just to get a conviction. this hasn't...
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Dec 9, 2013
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many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big cool by yaw. and now as i'm hearing it and correct me if i'm wrong, they're going to take their own plan and bypass that whole committee to the congress. it's a cease fire, just do it. is that it? >> there's a question as to whether that strategy or any other strategy is actually going to be the thing they end up with. i think you have to say that opinions are mixed as to whether they're going to be able to get some type of a blanket deal or do something much smaller which is what happened before when we've gotten pushed up get the deadline. >> we
many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big...
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the jobs report is good news for the economy. the white house has a slightly different take on why the numbers keep going up. mike viqueira is at the white house for us. and mike, okay, i'm interested. what is the white house's take. >> reporter: there is a paint by numbers aspect ever since the obama administration took office. yes, the unemployment rate has largely gone down. private sector employment has increased for two years running now. the white house will say its good news but there is more work to be done. that's what they said today. the better the economy improves, that gdp rate that came out and shocked everything in the third quarter. 3.6% growth. that's nearly rebust but not near full employment strength. >> i think we just lost mike. we did. my apologies. still ahead on al jazeera america. the latest on the wintery blast causing problems in several states. >>> and trying to keep a deadly conflict from growing worse. plans to stop a slot center africa. that's next. >> bitter cold ice and heavy snow battering the so
the jobs report is good news for the economy. the white house has a slightly different take on why the numbers keep going up. mike viqueira is at the white house for us. and mike, okay, i'm interested. what is the white house's take. >> reporter: there is a paint by numbers aspect ever since the obama administration took office. yes, the unemployment rate has largely gone down. private sector employment has increased for two years running now. the white house will say its good news but...
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. >> weather may cold but the economy seems to be warming up. labor department november jobs report shows the unemployment rate dipped to 7% down from october 7.3 percent. employers added 2 $3,000 jobs. as we knowy explains that report was just washington wall street needed. >> stock finished the day up big. dow gained 200 points after the labor department released jobs report. unemployment rate dropped 3/10s lowest in 5 years. >> nobody who works on the issues in the administration is satisfied even with the steady progress that we have been making and prostive news today. >>reporter: employers added more than 200,000 jobs in november. better than what economist had expected. almost a quarter of them in high paying industries like construction and manufacturing. the september october numbers were also revised 0to show more growth. stock market reacted favorably amist believe there could be some down days ahead if the federal reserve taper the economic stimulus program when it meets later this month. >> stimulus is grit for stock and belief is w
. >> weather may cold but the economy seems to be warming up. labor department november jobs report shows the unemployment rate dipped to 7% down from october 7.3 percent. employers added 2 $3,000 jobs. as we knowy explains that report was just washington wall street needed. >> stock finished the day up big. dow gained 200 points after the labor department released jobs report. unemployment rate dropped 3/10s lowest in 5 years. >> nobody who works on the issues in the...
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it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a lot of truth to that. we haven't seen any new bad news and the economy recovers. >> all right. now i get you. thank you both so much. have a great weekend. >>> next, an american teacher gunned down in benghazi, libya. what was he doing? we'll talk to a close friend. then, what has everyone so worked but that the sound of music live? plus, a plane versus 50-mile-per-hour wind gusts. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we i
it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a...
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Dec 9, 2013
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what matters to this company is the economy has to do well. the economy xwigz is going to d little better in 2014 and 2015. 2.7 then 3% growth. it's still going to be fairly anemic growth when compared to other post-war recoveries. so still wait for good relative performance before you jump on this one. >> all right. ryder what's our last one? i think it's ibm. what do you think, ryder? yep. ibm. give that dog a bone. he's been really good. shares of the computer services company, volatile this year, down about 11%. hugh, why don't you take ibm first. >> ibm, strorts about ibm, what happened in 2013 especially the third quarter, is emerging markets business in china. china down 22% to revenues. emerging markets down 9 %. what we're going to get in 2014 is i think a turn in china and i think that's written in the cards but i don't think we're going to see it in the emerging markets. so i think it's okay. you can buy ibm here and cross your fingers, look for positive relative performance, falling knife there too. wait for positive relative perfo
what matters to this company is the economy has to do well. the economy xwigz is going to d little better in 2014 and 2015. 2.7 then 3% growth. it's still going to be fairly anemic growth when compared to other post-war recoveries. so still wait for good relative performance before you jump on this one. >> all right. ryder what's our last one? i think it's ibm. what do you think, ryder? yep. ibm. give that dog a bone. he's been really good. shares of the computer services company,...
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the white house obviously these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,
the white house obviously these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show...
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Dec 9, 2013
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be safe. >>> this might be the best news about the economy you have not heard about. there were more intermodal cars on the rails last month than in any november in history. the association of american railroads reporting more than 1 million containers and trailers on the road last month, up nearly 8% since last november. oil, grains, car, and car parts making up a big part of that volume. >> you're absolutely right. i did not know that. >> you did not. >> i did not. >> now you do. >> i'm glad i have come back to america to learn that. >> this show, this show is all about education. >> it really is. >> and other stuff. >> still ahead, mandy is on the clock. if she had $1,000 to invest where would she put it, gold, market, bitcoin or wine. not for drinking. >> i just -- i want some thinking music at the same time, though. plus, this year's worst ceo is turning out to be a real head scratcher for herb. he is going to tell us why he's having such a hard time when "street signs" returns. americans take care of business. they always have. they always will. that's why you t
be safe. >>> this might be the best news about the economy you have not heard about. there were more intermodal cars on the rails last month than in any november in history. the association of american railroads reporting more than 1 million containers and trailers on the road last month, up nearly 8% since last november. oil, grains, car, and car parts making up a big part of that volume. >> you're absolutely right. i did not know that. >> you did not. >> i did not....
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Dec 7, 2013
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economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remember, we still haven't gained back all of the jobs we l
economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up...